Gaga for Google
I love google and everything they do. Google.com is my homepage and I use just about every feature on the Google Toolbar (which is the BEST software product in the WORLD....in my opinion).Check out this simply AMAZING map tool. It's a version of Google Maps where you can actually view satellite images of any location you enter. You'll see what I mean: Google Maps (click on "satellite" at the top/right).
They are extremely innovative, fast-paced, a money-making machine and OVERPRICED.
Google is in a quick-growth phase. Take a look at a yearly chart:
I'm sure there is tons of money to be made with the Google stock, but I am going to stay conservative and not buy. "Everyhing reverts back to the mean" according to Warren Buffet, who was also one of the few investors to come out of the tech bubble in a profit.
Take a look at a five year chart I pulled of Google:
Viewing the yearly chart really shows the rapid growth of Google. While I love 'em, I feel paying for a stock trading with a 140 P/E spells disaster in the longterm.
I'm looking to open an E-Trade account in addition to my current Ameritrade account. E-Trade allows you to buy specific international stocks, and I've had my eye on a few lately.
I could really go for a Google Lunch right now.Ciao.
posted by Neville @ 1:17 AM
9 comments
9 Comments:
That said, if you truly are a value investor GOOG is probably not the place for you.
Arf
That said, I have also chosen not to invest in GOOG. Too rich for my blood (and I invest in small cap growth), and too much risk. GOOG, however, like SIRI, is a great "trading" stock, if you are into that kind of thing.
Finally, GOOG's valuation is crazy. Thing is, if they are smart (and they are), they will put that money to work and learn new tricks. I think that may be where GOOG's true value lies.
J Kunken
I also believe it is a trding stock as I believe the battle between shorts and enamoured longs is only now heating up.
As far as Jim Cramer is concerned. let's keep his call in perspective:
he hated GOOG at $90 IPO price
he loved it 1st time it reached 200 something
when GOOG dropped to 180, Cramer hated it and recommended buying YHOO
now that GOOG is 200 plus again, Cramer jumps on the bandwagon and compares GOOG to BRK.A.
I would not listen to Jim Cramer and his buy high, sell low calls.
Kind of a cool tool...it suggests search terms as you type, with the number of results on the side.
as mentioned, the valuation was just too much.
I didnt own enough to warrant any pretty profit, but its nice that it paid off. Initially was just going to dump it after the traditional jump the few days after the IPO.
knowing when to sell is an important factor. Its been mentioned before, but people have a tendency to keep their losers and sell their winners.
- stock's super over valued.
- you bought it for wrong reason or made a mistake
- company's fundamental is going down the drain
- you need the money
will I beat myself over the head for not keeping GOOG if they do even better? not really.
still, I do like Google as a company, regardless of how their stocks performe.
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